OTCPK:AETLF - Post by User
Comment by
pennydredfulon Jul 04, 2016 1:41pm
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Post# 25020255
RE:RE:COMBO Presentation, Princess & Wheatland ROR/Payout
RE:RE:COMBO Presentation, Princess & Wheatland ROR/PayoutThis is a total rip-off of AEI as Lone Pine has 160 M $$ of preferred out ( a form of debt ) . This debt equates to more than 54000 per flowing barrel PLUS another 65M $$ in abandoment liabilites . Their equity is zero or less. Check out their balance sheet on their website. Their PR citing a company with little or no debt is technically correct but very MISLEADING . How anyone could support this including the directors is beyond me ? Good catch U fool